We refer to our announcement made on 9 April 2019 in relation to Lease-To-Own Agreement ('Lease Agreement') entered between the Company and Smart Goldyear Sdn. Bhd. ('SGSB') ('Announcement'), unless otherwise defined, the definitions set out in the Announcement shall apply herein.
The Board wishes to announce that the Company has on 10 April 2020 entered into a deed of mutual termination with SGSB and both parties have mutually agreed to terminate the Lease Agreement ('Mutual Termination') on the ground that SGSB is unable to continue the lease of the Properties.
The Mutual Termination is expected to have an estimated gross impact of increasing the net assets and earnings of DWL Group for the financial year ending 30 June 2020 by RM1.295 million (i.e. being the gross lease rental received during the lease period prior to the Mutual Termination). The Mutual Termination will not have any effect on the issued share capital and the substantial shareholders’ shareholdings of DWL.
if this counter cant play why still got people buy shares and preference shares(less than 1 yr) with previous shareholier..if they kept press down price maybe can consider collect more
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
sosfinance
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Posted by sosfinance > 2019-12-15 16:08 | Report Abuse
If they gets ECRL contract, potential is above RM1.00/- So, if you are confident they get it, then 40 sen is good price.